Rising Prices – Last year’s drought had an impact on supplies to the southern oil palm plantations, which are coming to market later this year.
News reports from the House of Justice spokesman revealed that the cabinet meeting approved a draft ministerial order on product categories. And the excise tax rate for diesel products made from 100% palm oil as a new tariff With the right to waive the excise tax Promote the country’s energy policy For more use of renewable energies and environmentally friendly At the same time, it also promotes the use of oil palm products as fuel. This helps palm growers and farmers have the opportunity to sell their products at a better price.
The tax rate for diesel from palm trees is said to be a new product. To prepare for the future And support the country’s renewable energy policy to encourage the use of renewable energy and reduce the emission of gas pollution This type of diesel uses innovative fuel production technology. Processed from 100% palm oil, no coal fuel, or diesel with biodiesel like in the past, for the government to support production by exempting the excise duty on 0% of normal diesel fuel with 5 baht per liter of excise duty.
“Taxing diesel, which is made from 100% palm trees, is a new product. The tax privilege was granted on the same principles as before, where sugar cane was used as fuel to produce ethanol. The last step has to wait for the gazette to be published before it becomes officially available.
Whether or not a private sector is interested in making diesel from palm oil. Have to wait and see the guidelines of each company In Thailand there are many companies that are technologically ready, whether PTT or Bangchak, but the cost-efficiency of production must also be considered with this question because diesel made from palm oil has four times the production costs of conventional ones Diesel.
Therefore, if made, it could be an expensive special type of renewable diesel. Or diesel fuel. To increase the efficiency of the engine And help clean the nozzle. This is why the government will use taxes to incentivize greener generation of renewable energy. And can help farmers in other ways too
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